NCSP Group’s Cargo Turnover Recovering

NCSP Group Cargo Turnover Update

Novorossiysk Commercial Sea Port Group (NCSP Group), the largest port operator in Russia, said that its consolidated cargo turnover in January-May 2014 amounted to 58.1 million tonnes.

PJSC NCSP CEO Yuri Matvienko said: ”We continue to shorten the gap from last year’s volumes on most cargoes and growing even faster in certain other segments.

The growth is consistently driven by oil products, containers, ferrous and non-ferrous metals, coal, and timber.

To sustain these positive developments NCSP Group is moving forward with its program of technical re-equipment of cargo yards, and purchase of new transshipment machinery.

The total increase of volumes in all cargoes comprised 4,722 thousand tonnes in the reporting period, of which grain accounted for 2 137 thousand tonnes, oil products for 1 647 thousand tonnes, and ferrous metals and containers for 396 thousand tonnes and 293 thousand tonnes respectively.

At the same time the total decrease of volumes in all cargoes comprised 7,914 thousand tonnes, of which crude oil accounted 7,352 thousand tonnes.

The year-on-year lag of total cargo turnover reduced by 1.7 percent points down to -5.2% versus -6.9% for the four months of 2014.

NCSP Group loaded 46,248 thousand tonnes of liquid cargo, and volumes of bulk cargo totalled 4,388 thousand tonnes in January-May 2014.

General cargo handling increased by 7.9% year-on-year in January-May 2014 and totalled 5,105 thousand tonnes. Grow rate accelerated by 5 percent points from that of January-April 2014.

NCSP Group’s container traffic reached 293 thousand TEU in January-May 2014, up 8.6% year-on-year.

Container turnover in tonnes continued to grow ahead of TEU by 14.0% year-on-year and totalled 2,385 thousand tonnes, while growth rate sped up by 3.1 percent points from that of January-April 2014.

June 17, 2014

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